About 30,000 workers are set to lose their jobs as the shipping company Yellow has apparently shut down operations. Being one of the country’s biggest carriers specializing in smaller freights that don’t fill up an entire truck, the closure will “likely affect how certain goods will continue to be delivered.” Read more…
Category Archives: Trucking
WAREHOUSE RENTS TO GO AGAINST LOGISTICS TRANSPORTATION DROP
Even as supply-chain costs plummet from pandemic highs, Hamid Moghadam, the CEO of the world’s largest warehouse landlord, claims that warehouse rent prices will continue to rise. Warehouse lease prices “have proven far more resilient than air, ship, truck and train transportation rates which have dropped sharply due to the consumer spending shift from goods to services, inflation and higher borrowing costs.” But now, with markets returning to more normal conditions, warehouse rent hikes are likely to increase. Read more…
OPERATING AUTHORITY KEY IN BECOMING AN INDEPENDENT DRIVER
If you’re thinking of becoming an independent truck driver, it is key to remember that “the responsibility for complying with Operating Authority requirements falls squarely on the driver’s shoulders.” You must become completely familiar with “filing fees, the type(s) of authority your business will require and minimum insurance requirements.” Read more…
YELLOW TRUCK HEADED FOR BANKRUPTCY
Craig Fuller, founder/CEO of FreightWaves, American Shipper, and CEO of FLYING Magazine exclaims that Yellow Truck “company failed to make payments to its pension plan. The Teamsters have threatened to strike on Saturday if not resolved. In its weakened state, it’s doubtful that Yellow can recover from this.” With a massive surplus of truckers, a Yellow Truck bankruptcy might remove some of that supply. Read more…
AFTER FLOODING THE MARKET DURING COVID, DRIVERS NOW STRUGGLING TO PAY BILLS
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With so many consumers snatching up goods for their pandemic lifestyles, many people took advantage of the snarled supply chains by joining the truck driving industry. One such person, Arnesha Barron, “saw a moment to make her dream of starting her own trucking company come true.” But what was first an optimistic bet on the COVID trucking boom, the wager soon became a more troubling realization. Read more…
TRUCKER JOB EMPLOYMENT MOVES UP AND DOWN IN THE SAME MONTH
In the most recent monthly Bureau Labor Statistics report, the number of truck transportation jobs vacillated in what could only be described as “an up-and-down affair.” In June, total jobs in the truck transportation sector “declined by 200 jobs from May, according to the BLS, coming in at 1,609,700 jobs on a seasonally adjusted basis.” But this number was an adjusted figure for May, “which was an increase of 700 jobs from the initial May employment report.” The April jobs went on to be revised upward by 100 jobs as well. Read more…
SUPREME COURT RULES AGAINST TRUCK DRIVERS
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The Supreme Court ruled against unionized drivers “in a dispute about the pressure that organized labor can exert during a strike,” specifically “against unionized drivers who walked off the job with their trucks full of wet concrete.” Both liberal and conservative justices united in the decision, with lone dissenter, Justice Ketanji Brown Jackson, claiming “the ruling would hinder the development of labor law and ‘erode the right to strike.’” Read more…
NEW SURVEY REVEALS DECLINE IN NUMBER OF PEOPLE SEEKING TRUCK DRIVING JOBS
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The Conversion Interactive Agency and People Data Analytics (PDA) conducted a new survey that has shed light on the current state of truck driving jobs and how today’s market conditions are affecting drivers. Key takeaways include the fact that “truck driver job seekers have decreased since the Fall 2022 Driver Survey,” with this number being down 6% from the previous Fall survey, and a little over 3% from the Spring Survey. The survey goes on to add that “33.8% of drivers that stated they are currently looking for a truck driving job is the lowest since Conversion and PDA began asking this question in the Spring of 2021.” Read more…
BACK OFFICE TRUCKING JOBS STILL IN DEMAND
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There is currently an ongoing demand for both truck drivers and back-office operations staff that supports them, despite the current freight recession. According to a recent article by Hilary Daninhirsch of Transport Topics, companies and brokerages are continuing to “require teams of dispatchers, load planners, logistics coordinators, and sales and administrative staff to manage their operations.” The article goes on to note how “trucking companies and brokerages are often behind the hiring curve for back-office and support staff, in part due to market variability.” Read more…
MANITOBA TO PROMOTE TRUCKING JOBS AND SUPPORT TRAINING
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The MTA will be given close to $400,000 in yearly funding from the Manitoba government over the next four years to help promote residents about jobs in the trucking industry, and support workforce training for those already in trucking. Aaron Dolyniuk, MTA executive director, said in a statement: “Manitoba’s trucking industry needs to bring 4,300 drivers over the next four years into the industry to meet demand. That means we need to recruit, train, and retain a new driver in Manitoba every eight hours, every day, for the next four years,” Read more…